Know opponent betting guide - Bettingadvice: "Know opponent
Before you start with online betting, it's very smart to gather som info about the "opposition", i.e the bookmaker. It's a good advice to follow this little checklist before placing your money in the bookmakers account:"
Reliability/Credibility.
Is it a recognised bookie ? A well known name, with a proven track record ? In other words: Is your money safe ? Check for words on the street, and among other punters. Is the bookie unreliable, or very late with his payouts, etc, then have a look elsewhere. Listen to the grapevine, and pay attention to what others have to say about the bookie.
Methods of payment.
The bookie should have several methods of payouts, not only by bank check, but also by credit cards. I find it most convenient using a credit card in all my transactions with bookies. It may be wise to open a new VISA account, separated from your salary-account.
Rules.
It's a must to know the rules in every game you play, and it's the same story here. Read the rules, and send an email and ask the bookie if you are unsure about something. Avoid bookies who do not accept singles. If the bookie only accepts trebles or doubles, find another. A few years ago, SSP only accepted 4 match parleys. Effectively, this is like telling the punter: " you can have a bet with us, but we will win in 99 of 100 bets". Luckily, competition in the bookmaking market has grown tougher, and as a result, most bookies these days offer singles on every game and in every sport.
Taxes.
Private bookmakers pay taxes to the country they operate in. In some countries, the bookie pay the punter's tax aswell as it's own taxes. When betting with online bookmakers, you should not accept taxes on your winnings. In England, the law states that punters must pay a tax of 9% on their winnings. Do not accept to pay taxes on your winnings, unless you are situated in Britain and with local bookmakers. (abide the law !!!). Online bookmakers do not charge taxes on a punters winnings.
Prices.
What kind of odds is your bookie offering ? How is the odds compared to what others offer on the same event ? Does the bookie change the odds a lot, and is the bookie presenting his prices for events early in the week ? Even though the bookies do alter their odds (often done on popular events, such as big soccergames, formula1, Championships, etc), you should get the odds which was offered at the time you placed your bet. If the bookie alter the odds on your event after you've placed your bet, and your odds changes as a result of this, go find another bookie. The bookie's behaviour is then nothing but unacceptable and he's not worthy an honest customer like yourself. Normally this is not a problem, but have been known to occur from time to time.
Maximum winnings.
Check if your bookie has got a very low maximum winnings. For the average punter, this is not important, but for the tough guys, who bet 10 grand rather than a tenner now and then, this can be of some importance.
Minimum deposits
Hopefully you will only have to deposit your hard-earned cash once, but it can be worth having a look at the bookies' rules regarding minimum deposits. Some bookies demand a fortune in deposits. Stay away from these vultures !
Events offered.
The worst thing a bookie can do, is not offering lousy prices. Infact, the worst thing is not offering you the opportunity to bet on an event. Some bookies only offer odds on the top leagues, and never bother about english 2. or 3. division, or Italian Serie B. Some don't even bother with Norwegian 1.division during the summer break in European leagues. It's a major "pre" if your bookie offer as many events as possible, not only soccer, but all kinds of sports. The clever bookie knows, ofcourse, that when many events are offered, the chances are that punters will bet on more events than they originally had in mind, thus increasing the bookies chance of profit. Private bookies do generally offer most events, while the national bookmakers in Norway, Sweden and Denmark only pick a handful of all matches available, and often exclude big favourites in their event lists. Centrebet and Interwetten are bookies who cover a large number of events every week. Do not accept bookies who only cover a few sports, and bookies who do not offer you the chance to bet on lower divisions, or who often exclude big favourites from their event list.
Parts of this article are inspired by Geir Høistads book "Oddstipping som levebrød" (in Norwegian only). His excellent book can be purchased by mailing oddsgeir@hotmail.com
Wednesday, October 9, 2013
Betting exchange betting guide By Bettingadvice
Betting exchange betting guide - Bettingadvice: "What is a betting exchange?
To place bets on a bet exchange has become quite popular, due to the fact that you bet against other punters, not against a bookmaker. YOU can choose to be either a bookmaker (offering odds on an event for others to bet on), or to bet as an ordinary punter (you place bets on an event where others have offered the odds)."
In order to do this effectively, you need a place to gather all punters and "bookmakers" in one marketplace, the bet exchange. This works just like a stock exchange (a meeting place for traders). Actually the bet exchange works very much the same way. The bet exchange websites have software which will keep all the "lays" and "backs" in order.
The common terminology is "lay" and "back" (or, to make it easier: "sell" and "back"). If you decide to act like a bookmaker, you will "lay" an offer out on the bet exchange for others to bet on. This is the way bookies normally do it. They "lay" bets out on their websites, for others to bet on (or "back").
As you would expect, the bet exchange website will charge a certain percentage in retur for their service. This percentage can vary, but a well known, and excellent bet exchange like Betfair charges only 5% on the winning amount (winners must pay 5% off their winnings). This is ofcourse considerably lower than the bookmakers, who operate with a 10-20% profitmargin.
A bet exchange, something for you?
DO NOT BET BEFORE YOU UNDERSTAND THE GAME.
Make sure you have read and understood the rules before you start acting as your own bookmaker. A betting exchange, like Betfair, is a company who do not accept bets themselves, but they do instead offer the facilities for other punters to place bets with eachother. If you fancy a shot on being a bookmaker, then you should definitivly give this concept a try.
A betting exchange will remove the profit margin factor, which very often will favour the bookmaker. In a sports betting exchange you will generally get better odds, due to this fact.
But be ware that you may lose quite a bit of money if you act as a bookmaker, and that you therefore need to have some funds in your account to cover all your potential loss when making a "lay-order".
Another thing is that, even if you don't want to act as a bookmaker (don't want to "lay" bets), you can act as a normal punter, and bet on the offers other have "layed" ! And the best thing: you'll most likely get better odds on a bet exchange than with a bookmaker, because on bet exchanges, there is no profitmargin calculated in the odds presented.
Most betting exchanges operate to around a 101 per cent book on most high-profile events, which compares favourably to a typical 105-110 per cent overround when comparing the best prices on fixed-odds firms on most football matches.
The back/lay prices on a particular event are determined by punters themselves - players can attempt to place a bet at any price they wish so the equilibrium is effectively created by supply and demand.
Because commission is only charged on net profits on a single market, exchange players are able to hedge positions and benefit or suffer from swings in the market.
If a punter places a bet on Arsenal at 5/6 and the price moves into 4/5, he or she can lay off their bet, locking in profit, but if the price drifts to 9/10 to close off the book would involve accepting a loss.
Alternatively, if the punter changes his or her mind for whatever reason, he or she can manoeuvre the position on the market without being affected by the margins of standard bookies.
Most big events are extremely competitive - nearly £10 million was matched on Betfair's outright Premiership market last season for example, while live games regularly see over £1 million changing hands.
Exchanges tend to offer prices in the European decimal format.
Decimal odds incorporate the stake into the price, so evens becomes 2.0 (1/1 plus the single unit stake) and 2/1 becomes 3.0 etc.
To place bets on a bet exchange has become quite popular, due to the fact that you bet against other punters, not against a bookmaker. YOU can choose to be either a bookmaker (offering odds on an event for others to bet on), or to bet as an ordinary punter (you place bets on an event where others have offered the odds)."
In order to do this effectively, you need a place to gather all punters and "bookmakers" in one marketplace, the bet exchange. This works just like a stock exchange (a meeting place for traders). Actually the bet exchange works very much the same way. The bet exchange websites have software which will keep all the "lays" and "backs" in order.
The common terminology is "lay" and "back" (or, to make it easier: "sell" and "back"). If you decide to act like a bookmaker, you will "lay" an offer out on the bet exchange for others to bet on. This is the way bookies normally do it. They "lay" bets out on their websites, for others to bet on (or "back").
As you would expect, the bet exchange website will charge a certain percentage in retur for their service. This percentage can vary, but a well known, and excellent bet exchange like Betfair charges only 5% on the winning amount (winners must pay 5% off their winnings). This is ofcourse considerably lower than the bookmakers, who operate with a 10-20% profitmargin.
A bet exchange, something for you?
DO NOT BET BEFORE YOU UNDERSTAND THE GAME.
Make sure you have read and understood the rules before you start acting as your own bookmaker. A betting exchange, like Betfair, is a company who do not accept bets themselves, but they do instead offer the facilities for other punters to place bets with eachother. If you fancy a shot on being a bookmaker, then you should definitivly give this concept a try.
A betting exchange will remove the profit margin factor, which very often will favour the bookmaker. In a sports betting exchange you will generally get better odds, due to this fact.
But be ware that you may lose quite a bit of money if you act as a bookmaker, and that you therefore need to have some funds in your account to cover all your potential loss when making a "lay-order".
Another thing is that, even if you don't want to act as a bookmaker (don't want to "lay" bets), you can act as a normal punter, and bet on the offers other have "layed" ! And the best thing: you'll most likely get better odds on a bet exchange than with a bookmaker, because on bet exchanges, there is no profitmargin calculated in the odds presented.
Most betting exchanges operate to around a 101 per cent book on most high-profile events, which compares favourably to a typical 105-110 per cent overround when comparing the best prices on fixed-odds firms on most football matches.
The back/lay prices on a particular event are determined by punters themselves - players can attempt to place a bet at any price they wish so the equilibrium is effectively created by supply and demand.
Because commission is only charged on net profits on a single market, exchange players are able to hedge positions and benefit or suffer from swings in the market.
If a punter places a bet on Arsenal at 5/6 and the price moves into 4/5, he or she can lay off their bet, locking in profit, but if the price drifts to 9/10 to close off the book would involve accepting a loss.
Alternatively, if the punter changes his or her mind for whatever reason, he or she can manoeuvre the position on the market without being affected by the margins of standard bookies.
Most big events are extremely competitive - nearly £10 million was matched on Betfair's outright Premiership market last season for example, while live games regularly see over £1 million changing hands.
Exchanges tend to offer prices in the European decimal format.
Decimal odds incorporate the stake into the price, so evens becomes 2.0 (1/1 plus the single unit stake) and 2/1 becomes 3.0 etc.
Accumulators - Combos - Betting Guide By Betshoot
We told you that you have %33 chance to win your bet in Standard Bet(for soccer games) part. Consider you bet on 3 game-Combo on soccer. This means you have 1/27 chance to cash this coupon.
If you dont have any good strategy, use combo betting rarely. Lets examine the situations and you can understand better."
Arsenal v Charlton – Arsenal – 1.50
Galatasaray v Bursa – Galatasaray – 1.25
PAOK v Olympiakos – PAOK +0.5 – 1.95
Man Utd v Fulham – Over2.5 – 1.65
Galatasaray v Bursa – Galatasaray – 1.25
PAOK v Olympiakos – PAOK +0.5 – 1.95
Man Utd v Fulham – Over2.5 – 1.65
* The combo bet shown above has 1.50 X 1.25 X 1.95 X 1.65 =6.03 odds. Consider you bet 100 and if all the chosen bets wins, you get 603 back. 603-100 = 503 is your profit.
However, if any of these bets loses, you lose your 100 too. All the bets in combo bet must be true to cash the coupon.
The bookmakers want their members to bet on combo bets because combo bet has the lowest probability to come true. We recommend you to bet on singles instead of combos.
Over Under Betting Guide | Over 2.5 Goals | Under 2.5 Goals By Betshoot
There is no draw (push) possibility for this bet. It means you will win or lose your stake at the end of 90 minute time. You have 50% chance to win the bet. No extra-time or penalty shoot outs after 90 minute counts for this type of bet.
Football Over Under 2.5 goals example
Arsenal v Charlton -> Under 2.5 Goals = @1.95 | Over 2.5 Goals = @1.90
* Consider that you bet 100 on Under 2.5 goals. If the game ends with 0,1 or 2 goals in total at the end of 90 minutes, your stake will return as 195.
It means you have 195-100 = 95 profit. If the game ends with 3 or more goals in total, you lose your stake.
For some games, the bookmakers offer under/over 3 goals. It means you will get your stake back if the game ends with 3 goals.
Sure bet guide | Betting to the same event with different outcome By Betshoot
Bookmaker A offers:
Game – Trabzon vs Rize
Home Win – 1.50
Draw – 3.75
Away Win – 4.75
Home Win – 1.50
Draw – 3.75
Away Win – 4.75
Bookmaker B offers:
Game – Trabzon vs Rize
Home Win – 1.75
Draw – 3.20
Away Win – 4.00
Home Win – 1.75
Draw – 3.20
Away Win – 4.00
Bookmaker C offers:
Game – Trabzon vs Rize
Home Win – 1.35
Draw – 3.50
Away Win – 7.00 **
Home Win – 1.35
Draw – 3.50
Away Win – 7.00 **
We see Trabzon v Rize game offers from Bookmaker A, B and C above. Bookmaker A offers the best for Draw, Bookmaker B offers the best for Home Win and Bookmaker C offers the best for Away Win.
Home Win: 1.75
Draw: 3.75
Away Win: 7.00
Draw: 3.75
Away Win: 7.00
We need a short calculation. We want to win 100$ and lets calculate:
======================================================
Home: 100$ / 1.75 = 57.14$ must be wagered to win 100$
Draw: 100$ / 3.75 = 26.67$ must be wagered to win 100$
Away: 100$ / 7.00 = 14.28$ must be wagered to win 100$
Home: 100$ / 1.75 = 57.14$ must be wagered to win 100$
Draw: 100$ / 3.75 = 26.67$ must be wagered to win 100$
Away: 100$ / 7.00 = 14.28$ must be wagered to win 100$
Total wagered money: 57.14$ + 26.67$ + 14.28$ = 98.09$
======================================================
======================================================
Finally we staked 98.09$ to win 100$ in any case. It does not matter the game ends tie, home win or away win. Our profit is 1.91$. It means %1.94 profit of the total wagered money. As you can see above, sure bet offers you profit in any case. However, you have to follow the odds and know the limits of your bookmakers.
Your profit must be more than the fees you pay for money transfers or taxes
Online sports betting vs betting on local bookmakers By Betshoot
Online sports betting vs betting on local bookmakers: "Online sports betting has become for sure one of the most easier and popular choice to bet, for the weekend casual punter but also for the daily professional punter.
Online bookmakers offers very good promotions from time to time, and some great deposit bonuses, something you will never find to your street local bookmaker. More and more people are now choosing to place their bets online instead of going to the nearest local shop."
Online bookmakers offers very good promotions from time to time, and some great deposit bonuses, something you will never find to your street local bookmaker. More and more people are now choosing to place their bets online instead of going to the nearest local shop."
For sure it’s not that people are bored to go to shop and bet, and they prefer to open their laptop and bet. Let’s take a look at the most important factors that push a punter to bet online instead of local:
Advantages of online sports betting: Online sports betting offers wider selections of markets Wider selection of markets and more sports.Online bookmakers are open 24/7/365 Online bookmakers are open 24 hours a day, 7 days a week.You can withdraw your winnings easy You can withdraw your winnings easy, with your preferred method.You can deposit with many ways You can deposit with many ways as they offer lot of deposit options.Higher odds and more ways to bet Higher odds and more possible ways to bet on each game.Odds are updated 24/7/365 Odds are updated 24/7/365 and published earlier than a local bookie.Safe and secure transactions Safe and secure transactions.Easy and direct customer support Easy and direct support from their services (live chat help, phone help, etc).
If you still betting on locals, you are losing all of the above opportunities, you bet with lower odds, so you are losing a good amount of your possible profits, although you try harder.
Opening an online sports betting account to some bookmaker, is very easy and takes only a minute. You can register and place your bets in a matter of minutes.
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